It is the theoretical probability of the event.
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Odds in Favor ^Wrong..It's theoretical probability.
the ratio of the number favorable outcomes to the total number of trials.
fifty-fifty
the extent to which an event is likely to occur, measured by the ratio of the favorable cases to the whole number of cases possible
The likelihood that a particular event will occur is called probabilityThe ratio of the wanted outcomes divided by the possible outcomes gives a fraction or ratio usually expressed as a percentage.The likelihood of an event occuring.